Tag: Commercial real estate


What could happen if you negotiate your commercial lease yourself?You could spend weeks or months trying to research your options, taking your focus away from your primary business You could risk over paying your rent You could potentially make harmful commitments because you don’t understand the meaning behind the lease language You could ... Read More
September 12, 2016Lynn Drake


Before we work with any client looking to buy a building, we ask them to go to the bank and determine how much of a loan the bank will give them. Some of our clients end up talking with a teller or bank manager who doesn’t really know how to do this. ... Read More
July 18, 2016Lynn Drake


   Harvey MacKay, author of the seminal business book "Swim with The Sharks Without BeingEaten Alive" (prequel to the reality show Shark Tank) suggested that entrepreneurs focus their energies on drumming up business and managing staff.He recommends leaving the jobs you know little about to professionals who know a lot in ... Read More
June 27, 2016Lynn Drake


So you plan on moving your office or warehouse in the next six months or so?  Now’s the time to plan for the big day and for months of smooth operations thereafter. Here’s a fundamental game plan to ensure all goes well: Appoint a coach, whose primary task in the pre- and ... Read More
June 27, 2016Lynn Drake


Not too long ago, a business coach called me about one of his clients who had a slightly unusual need for office space. His client had already hired an agent and was running into all kinds of challenges. Her coach told her to get rid of the agent and hire ... Read More
April 4, 2016Lynn Drake


Just before and during the 2007-2009 recession, month-to-month leases were very common. During that period, so many businesses experienced financial hardships that the tenants didn't want to sign long term leases.  At the same time,  tenants whose leases were expiring  often asked the landlord to let them rent on a ... Read More
March 21, 2016Lynn Drake


Having managed a fortune 500’s real estate department for many years, I was never a big believer in long term leases. I found that business space needs fluctuate and it's often not good to be locked in.However, there are times when you may want to consider a long-term lease. For ... Read More
March 7, 2016Lynn Drake


Recently, I got a call from a prospective tenant asking me for something I had never heard of before. After 30 years in the business, I thought I had heard it all! Together, we reviewed our process so she could identify what it was she needed.  Turns out this client ... Read More
February 15, 2016Lynn Drake



Timing is everything

The hours you spend pacing the floor, waiting for a family member’s first child to be born; the minutes you spend waiting for your computer to boot up; the seconds you wait for a text message…each of these intervals remind you of that inescapable truth: timing is everything.Did you know ... Read More
November 22, 2015Lynn Drake



Why I love ITRA Global!

At Compass Commercial, we are a part of International Tenant Representative Alliance (ITRA). This organization allows us to offer service to our clients across North America. We have given many referrals to our network and are also the recipient of many referrals. Twice a year, the owners of ITRA ... Read More
January 21, 2015Lynn Drake